Monday, January 27 2020



Cell Phone Insurance



Want to protect your cell phone with an insurance plan? If so, you’re making a wise choice. Our smartphones and cell phones are for more than just idle chatter; we use them for planning appointments, getting directions, storing important files and staying in touch with loved ones. And today’s newest smartphones aren’t cheap, either. The average new smartphone is priced on par with a midrange laptop computer, and to lose your phone with no compensation can be a significant financial blow. Cellular phone insurance companies offer replacement coverage and peace of mind for people who love their phones. Want to learn more? Read on to compare the best cellular insurance policies for several of the nation’s top-rated phones.

Buying cell phone insurance is just like buying any other kind of insurance policy. You want to do your homework before choosing a provider, and be sure to compare the costs and benefits to find the policy that gives the most bang for your buck. Look for a plan that protects against loss - not just defects and damage - and always ask for details about filing and processing claims so you get a plan with minimal hassle. We evaluated many of the current offerings and really liked the cell phone insurance plans offered by Esurance, Square Trade and the Worth Ave. Group.

The first provider on our list is Esurance, which is a division of Allstate that’s focused on insuring digital goods. An Esurance cell phone policy covers mobile devices regardless of when they’re purchased, and policy holders are protected from loss, theft and water damage. Also, Esurance customers can get replacement phones in as little as two days once their insurance claims are approved. Replacement phones granted through an Esurance policy are automatically approved, and clients can file up to two claims per 12-month period, meaning people don’t need to be worry about being left unprotected. The cost of a plan ranges from a monthly premium of as little as $5, making this a budget-friendly alternative.

Next on our list is Square Trade, which also offers a range of affordable cell phone insurance options. Square Trade offers a one-year cellular insurance plan starting for as little as $6 per month, and that cost goes down to $4 per month for folks willing to sign three-year coverage contracts. Square Trade provides all kinds of coverage including protection from malfunctions, spills and drops. There’s 24/7 customer service and free shipping when phones need to be mailed in for repairs. However, phones with Square Trade policies must have been recently purchased from or currently insured by Spring, T-Mobile, Verizon or AT&T. This is a great option for people who are buying new phones.

The third cell phone insurance carrier on our list is the Worth Ave. Group, which also specializes in digital product protection. This cellular insurance provider offers coverage for all kinds of phones including Samsung, Microsoft, Motorola, HTC, LG and more. These policies cover cracked screens, thefts, damage from fires or natural disasters, accidental damage and more. Unlike any other cell phone insurance providers, the Worth Ave. Group also has options for used and refurbished phones that many people buy to save money. Consider one of these top-rated providers and insure your cell phone today.